Company:Smartsheet Inc.

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Short description: American technology company
Smartsheet Inc.
Formerly
  • Navigo Technologies, Inc. (2005–2006)
  • Smartsheet.com, Inc.
    (2006–2017)
TypePublic company
  • NYSE: SMAR (Class A)
  • Russell 1000 component
Founded2005; 19 years ago (2005)
Founders
  • Maria Colacurcio
  • Brent Frei
  • Eric Browne
HeadquartersBellevue, Washington, U.S.
ProductsSmartsheet
RevenueIncrease US$767 million (2023)
Decrease US$−222 million (2023)
Decrease US$−216 million (2023)
Total assetsIncrease US$1.11 billion (2023)
Total equityDecrease US$486 million (2023)
Number of employees
3,191 (2023)
Websitesmartsheet.com
Footnotes / references
Financials (As of January 2023)[1]

Smartsheet Inc. is an American publicly listed company that develops and markets the Smartsheet application. As of 2022, it had over 2,600 employees, and is headquartered in Bellevue, Washington[2] The company was founded in the summer of 2005, shortly after co-founder Brent Frei sold his prior company, Onyx Software.[3][4][5] Initially it was funded mostly by Frei.[3] About a year after its founding, Smartsheet had raised $4 million in funding and had just nine employees.[4] By early 2012 it had raised $8.2 million in funding over three rounds and hired its first salesperson.[6][7]

After the Smartsheet software was redesigned in 2010, the company's revenues grew by more than 100 percent each year, for four consecutive years.[8] It raised $26 million in funding in December 2012[9][7] and another $35 million in May 2014.[6] In 2017, the company raised an additional $52.1 million in funding.[10] In 2018, it was announced that Smartsheet acquired Converse.AI, a Scotland-based company that develops software for creating business automation bots.[11]

The company began trading on the New York Stock Exchange on April 27, 2018.[12] In May 2019, Smartsheet announced it had acquired 10,000 ft, a SaaS platform that provides real-time resource and capacity planning.[13]

Executive Team

  • Mark P. Mader - President, CEO & Director
  • Michael J. Arntz - Chief Revenue Officer
  • Pete Godbole - Chief Financial Officer
  • Jolene Marshall - Chief Legal Officer
  • Andrew Bennett - Chief Marketing Officer
  • Praerit Garg - Chief Product Officer and EVP of Engineering
  • Stephen Branstetter - Chief Operating Officer

[14]

References

  1. ↑ "Smartsheet Inc. Form 10-K for the fiscal year ended January 31, 2023". U.S. Securities and Exchange Commission. March 22, 2023. https://www.sec.gov/ix?doc=/Archives/edgar/data/1366561/000136656123000030/smar-20230131.htm. 
  2. ↑ Martin, Dylan (January 19, 2017). "A Seattle Tech Company Is Expanding to Boston With Plans to Hire 140". http://bostinno.streetwise.co/2017/01/19/smartsheet-opening-boston-office-hiring-140-by-2018/. Retrieved March 2, 2017. 
  3. ↑ 3.0 3.1 Strauss, Karsten (March 12, 2013). "Former Microsoft Analyst Wants To Disrupt MS Excel, Project". https://www.forbes.com/sites/karstenstrauss/2013/03/12/former-microsoft-analyst-wants-to-replace-ms-excel-project/. Retrieved September 11, 2015. 
  4. ↑ 4.0 4.1 Cook, John (June 14, 2007). "Bellevue startup gets $2.69 million financing deal". Hearst Seattle Media. http://www.seattlepi.com/news/article/Bellevue-startup-gets-2-69-million-financing-deal-1240729.php. Retrieved September 11, 2015. 
  5. ↑ Hack, Greg (April 2, 2015). "Arena designer Populous also manages events inside". The Kansas City Star. http://www.kansascity.com/news/business/article17253335.html. Retrieved September 13, 2015. 
  6. ↑ 6.0 6.1 Romano, Benjamin (May 5, 2014). "Smartsheet Wins Big Customers, $35M From Sutter Hill Ventures". http://www.xconomy.com/seattle/2014/05/05/smartsheet-wins-big-customers-35m-from-sutter-hill-ventures/. Retrieved September 11, 2015. 
  7. ↑ 7.0 7.1 "Smartsheet Grabs $26M After 'De-Enterprising' its Collaboration Software". December 3, 2012. https://www.wsj.com/articles/DJFVW00020121203e8c3ar70h. Retrieved September 11, 2015. 
  8. ↑ "100 Best Companies to Work For 2014: Midsize Companies – Washington and Puget Sound Business News Source". July 2014. http://seattlebusinessmag.com//article/100-best-companies-work-2014-midsize-companies. Retrieved September 11, 2015. 
  9. ↑ Grant, Rebecca (December 3, 2012). "Smartsheet gets $26M to keep enterprise workflow under control". https://venturebeat.com/2012/12/03/smartsheet-gets-26m-to-keep-enterprise-workflow-under-control/. Retrieved September 11, 2015. 
  10. ↑ "Work management startup Smartsheet raises $52.1 million, claims a $852 valuation". May 24, 2017. https://venturebeat.com/2017/05/24/work-management-startup-smartsheet-raises-52-1-million-claims-a-852-valuation/. 
  11. ↑ "Smartsheet acquires business automation chatbot startup Converse.AI | VentureBeat". 16 January 2018. https://venturebeat.com/2018/01/16/smartsheet-acquires-business-automation-chatbot-startup-converse-ai/. 
  12. ↑ Novet, Jordan (27 April 2018). "Software company Smartsheet spikes in IPO". CNBC. https://www.cnbc.com/2018/04/27/smartsheet-smar-ipo-stock-makes-its-debut-on-nyse.html. 
  13. ↑ "Bellevue's Smartsheet Acquires Seattle Tech Company 10,000ft" (in en). 2019-05-02. https://www.seattlebusinessmag.com/technology/bellevues-smartsheet-acquires-seattle-tech-company-10000ft. 
  14. ↑ "Leadership | Smartsheet". https://www.smartsheet.com/about/leadership. 

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